variance analysis (EN)

phrase

phrase “variance analysis”

1. (in finance) the process of comparing expected results with actual outcomes to identify differences and understand the reasons behind them
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   To control expenses, the financial analyst performed a variance analysis on the quarterly budget.
2. (in statistics) the examination of the variability within a data set to understand the spread and distribution of data
   By conducting a variance analysis, the researcher gained insights into the fluctuations in the experimental measurements.